{"id":329,"slug":"2026-10-04-tokenized-treasury-yields","day":"2026-10-04","project":"rwayield","title":"Tokenized RWA yields — 2026-10-04","headline":"Tokenized treasury and money-market products yield 3.01%–3.64% across $8.73B of tracked TVL.","bullets":["BUIDL — 3.64% APY, $3.05B (BlackRock / Securitize)","USDY — 3.62% APY, $2.20B (Ondo Finance)","USDY.sol — 3.62% APY, $179.7M (Ondo Finance)","USTB — 3.44% APY, $555.8M (Invesco)","OUSG — 3.43% APY, $321.2M (Ondo Finance)","USYC — 3.18% APY, $2.40B (Circle (formerly Hashnote))","Spread between highest and lowest: 0.63 percentage points.","Coverage: 7 of 13 tracked products meet issuer-level verification — a verified subset, not the full tokenized-treasury market.","Excluded (6): BENJI, USTB.superstate, USDM.mountain, syrupUSDC, bIB01, USDL — each lacks an issuer-level yield source; the specific reason for each is in the JSON.","Only issuer-level sources are used; ticker-matched look-alikes are excluded."],"sample_n":7,"payload":{"products":[{"symbol":"BUIDL","name":"BlackRock USD Institutional Digital Liquidity Fund","issuer":"BlackRock / Securitize","yield_apy":3.6427,"tvl_usd":3050865531,"ts":1791094939},{"symbol":"USDY","name":"Ondo US Dollar Yield","issuer":"Ondo Finance","yield_apy":3.62,"tvl_usd":2202044029,"ts":1791094939},{"symbol":"USDY.sol","name":"Ondo USDY (Solana)","issuer":"Ondo Finance","yield_apy":3.62,"tvl_usd":179696418,"ts":1791094939},{"symbol":"USTB","name":"Invesco USTB (tokenized short-term treasury)","issuer":"Invesco","yield_apy":3.4354,"tvl_usd":555809322,"ts":1791094939},{"symbol":"OUSG","name":"Ondo Short-Term US Government Bond Fund","issuer":"Ondo Finance","yield_apy":3.43,"tvl_usd":321225753,"ts":1791094939},{"symbol":"USYC","name":"US Yield Coin","issuer":"Circle (formerly Hashnote)","yield_apy":3.1789,"tvl_usd":2404156193,"ts":1791094939},{"symbol":"TBILL","name":"OpenEden T-Bill Vault","issuer":"OpenEden","yield_apy":3.0083,"tvl_usd":20756461,"ts":1791094939}],"total_tvl_usd":8734553707,"excluded":[{"symbol":"BENJI","issuer":"Franklin Templeton","reason":"No issuer-level DefiLlama yields entry; only small DEX pairs (WETH-BENJI), which are not the fund itself."},{"symbol":"USTB.superstate","issuer":"Superstate","reason":"DefiLlama attributes the USTB ticker to project 'invesco-ustb'. Superstate mapping unconfirmed - do NOT merge with Invesco."},{"symbol":"USDM.mountain","issuer":"Mountain Protocol","reason":"Severe ticker collision: USDM is used by Mento (Celo/Monad), Moneta (Cardano), MegaETH and others. No safe issuer-level match."},{"symbol":"syrupUSDC","issuer":"Maple Finance","reason":"Project slug 'maple' exists but all syrupUSDC symbol matches are third-party lending/DEX venues (aave, morpho, kamino, jupiter), not the issuer pool. Needs targeted probe."},{"symbol":"bIB01","issuer":"Backed Finance","reason":"Zero DefiLlama yields coverage for bIB01."},{"symbol":"USDL","issuer":"Paxos","reason":"Only unrelated DEX pairs matched the USDL ticker; no issuer-level entry."}]},"x_text":"Tokenized RWA yields, 2026-10-04:\n\nBUIDL — 3.64% ($3.05B)\nUSDY — 3.62% ($2.20B)\nUSDY.sol — 3.62% ($179.7M)\nUSTB — 3.44% ($555.8M)\nOUSG — 3.43% ($321.2M)\n\n$8.73B tracked. Issuer-level sources only.\nhttps://data.ochinimus.app/r/2026-10-04-tokenized-treasury-yields","created_ts":1791097201}